The fact that the only way to satisfy the predators is to impose austerity - not that they'll care - is very much political.

The issue here is that the politics has become invisible and pretends to be inevitable.

The standard narratives are now built into the frame of the debate. No serious person can ever question them, and even unserious people can have difficulty seeing through them.

Economics is politics by other means

Or in more detail, economics has become a very literal form of Newspeak.

Instead of being simple, it pretends to be complicated. But it has the same deadening effect; dissenting concepts become unthinkable, challenging questions become unaskable, and humane values become morally hazardous.